October 2022 National Housing Report

October 2022 National Housing Report

October revealed a vastly different housing market from one year ago, with 30.7% fewer closings, 36.8% more homes for sale, and the average home taking nearly a week longer to sell, at 35 days on market. As a result, the Median Sales Price was pushed down 0.3% to...

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September 2022 National Housing Report

September 2022 National Housing Report

Typical for this time of year, September home sales declined 9.7% from August across the report’s 53 metro areas. That led to inventory climbing to two months’ supply for the first time in nearly two years – an encouraging sign of a more balanced market to come....

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RE/MAX ANNOUNCES ‘GLOBAL RE/MAX WEEK’ TO GIVE BACK

RE/MAX ANNOUNCES ‘GLOBAL RE/MAX WEEK’ TO GIVE BACK

The week-long event in October will feature RE/MAX affiliates around the world supporting local communities through acts of service, fundraisers and volunteering. Giving back is an integral part of RE/MAX culture. Throughout the year, affiliates support their...

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August 2022 National Housing Report

August 2022 National Housing Report

According to August data in the RE/MAX National Housing Report, home sellers, on average, accepted offers below their listing prices last month – a further indication of rebalancing in the housing market. Across the report’s 51 metro areas, the average Close-to-List...

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July 2022 National Housing Report

July 2022 National Housing Report

A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July's Median Sales Price of $415,000 was down 2.9% from June and the lowest since...

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June 2022 National Housing Report

June 2022 National Housing Report

Halfway through the peak summer buying season, this year’s home sales are falling short of 2021’s, as signs of more balance in the market take hold. • June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June...

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May 2022 National Housing Report

May 2022 National Housing Report

Although May is one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than May 2021. They did, however, climb 5.8% over April. That month-over-month increase was approximately half of the average gain in May during the...

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March 2022 National Housing Report

March 2022 National Housing Report

The busy spring season got off to another strong start this year. March home sales jumped 32.2% over February while posting a report record Median Sales Price of $360,000. As buyers continued to far outnumber sellers, Months Supply of Inventory reached a record low of...

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February 2022 National Housing Report

February 2022 National Housing Report

February home sales dipped nearly 1% from January, potentially setting the stage for what is typically the year's biggest month-over-month ramp-up in sales as March typically is considered the start of the spring home-selling season. And while the number of homes on...

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January 2022 National Housing Report

January 2022 National Housing Report

January home sales dropped 31.4% from December's total – a decrease slightly more than the seasonal norm – as inventory shrank for the sixth consecutive month. Year over year, sales were down 5.3% from January 2021. A December-to-January decline in home sales is...

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December National Housing Report

December National Housing Report

Near-record December home sales cemented 2021 as the busiest year for home buying in the 14-year history of the report, while also setting records for smallest inventory and highest average home prices. On an annual basis, 2021 finished with nearly 10% more home sales...

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November National Housing Report

November National Housing Report

The historically strong housing market continued to surge forward in November, as buyers gobbled up available homes seemingly as soon as they hit the market. Buyers finally saw some welcome relief on prices, with November's Median Sales Price dropping 2.9%...

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October National Housing Report

October National Housing Report

Pinched between a steep median sales price of $336,000 and record low inventory, October home sales tumbled 6.4% from September – almost double the typical seasonal decline. September had near-record sales, which also contributed to the steepness of the...

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September National Housing Report

September National Housing Report

With three-quarters of the year complete, 2021 is mirroring seasonal norms, unlike 2020, but maintaining strong momentum. September home sales dropped 7.0% from August’s total and the Median Sales Price slipped 1.1% to $329,000 – both far less than the typical...

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August National Housing Report

August National Housing Report

August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000 – as seasonal norms signaled that 2021’s busiest homebuying and selling months are probably behind us. Despite these drops, August still almost broke records for home...

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July National Housing Report

July National Housing Report

July inventory uncharacteristically climbed 4.0% from June, marking the first two consecutive months of month-over-month inventory gains since April and May 2019. At the same time, July's 1.3 Months of Inventory set a new report low for the month. July home sales were...

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June National Housing Report

June National Housing Report

June created the perfect trifecta for a hot housing market: June home sales and prices both set report records, while inventory grew for the first time in 15 months. The month of June, typically the biggest month of the year for home sales, saw sales soar 14.2% over a...

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Record-Shattering Home Sales Continue Into Fall

Delayed by pandemic-related lockdowns, summer's peak homebuying season pushed into fall. In fact, according to the RE/MAX National Housing Report for September, closings rose 21.1% from a year ago and on average, homes sold in a mere 39 days. Meanwhile, the inventory...

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May National Housing Report

May National Housing Report

The typical May ramp-up in home sales didn't happen last month, as sales dipped 0.2% from April and home prices were uncharacteristically flat in the report's 53 metro areas. Also defying seasonal trends was a 7.1% drop in listed homes at a time of year when active...

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April National Housing Report

April National Housing Report

On average, April home sales took just 32 days from listing to going under contract, while the Median Sales Price rose to $320,000 – both new records in the 13-year history of the report. These stats, and other key indicators, including a report record April for...

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March National Housing Report

March National Housing Report

March home sales jumped by one-third over February's total as demand from hordes of eager homebuyers pushed the Median Sales Price above $300,000 for the first time in the 13-year history of the report. Meanwhile, the pace of sales accelerated – to the fastest rate on...

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February National Housing Report

February National Housing Report

The median home price reached $291,000 in February – the highest in the 13-year history of the report – while sales set a new high for the month and inventory continued to drop to record lows. The record February home sales were up 5.7% year over year, but the...

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January National Housing Report

January National Housing Report

Despite record low inventory, January home sales posted a 13.5% increase over a year ago. That followed four consecutive months of year-over-year sales increases of 19% to 22% on the heels of pandemic lockdowns. January's year-over-year increase in homes sold...

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